The client alleges the investments she purchased in 2014-2015 were high risk and not consistent with her risk tolerance. The client also alleges the firm failed to supervise the activity of the representative and failed to conduct adequate due diligence.

$10,000.00

This position represents roughly 4% of the client's overall profitable and diversified portfolio and currently has an undetermined, if any, loss. The representative believes this is a frivolous action pursued by an aggressive attorney. The Firm, solely to compromise and settled disputed claim, agreed to settle the arbitration with the client.

CLIENT ALLEGES THAT THE REPRESENTATIVE DID NOT ADVISE CORRECTLY ON TAXES INVOLVED WHEN TAKING DISBURSEMENTS FROM PARTIAL 1035 EXCHANGED CONTRACT.

$116,657.00

$20,000.00

THE FIRM, SOLELY TO COMPROMISE AND SETTLE DISPUTED CLAIMS, AGREED TO SETTLE A COMPLAINT WITH THE CLIENT.

THE CLIENT ALLEGES THE REPRESENTATIVE & FIRM FAILED TO CONDUCT AN ADEQUATE DUE DILIGENCE EXAMINATION OF THE TENANTS-IN-COMMON PROPERTY THAT WAS SOLD.

$600,000.00

$200,000.00

[CUSTOMER], A VERY WEALTHY CLIENT, MADE A REAL ESTATE INVESTMENT IN 2006 AND AS A RESULT OF THE CREDIT CRISIS IN 2008 HAS SUFFERED AN UNDETERMINED LOSS. THE REP BELIEVES SHE HAS FILED THE ARBITRATION IN AN EFFORT TO RECOVER HER INVESTMENT. THE FIRM SOLEY TO COMPROMISE AND SETTLE DISPUTED CLAIMS AGREED TO SETTLE AN ARBITRATION WITH THE CLAIMANTS.

CLIENT ALLEGES REPRESENTATIVE DID NOT CANCEL HER INVESTMENT IN AN ANNUITY AFTER SHE MADE THE REQUEST.

$10,242.00

THE CLIENT EXERCISED THE FREE LOOK PROVISION AND THE POLICY WAS CANCELLED. BERTHEL FISHER & CO. FINANCIAL SERVICES AND THE REPRESENTATIVE PAID $6,363.00 TO PRUDENTIAL TO COVER MARKET LOSS THEY INCURRED.

CLIENT IS UPSET BECAUSE SHE WAS ADVISED TO SELL ONE VARIABLE ANNUITY TO FUND THE PURCHASE OF ANOTHER VARIABLE ANNUITY WITH A GUARANTEED INCOME RIDER CAUSING PENALTY CHARGES WHICH THE CLIENT WANTED REFUNDED.

$15,000.00

$10,000.00

THE CLIENT CHANGED HER MIND ON THE PURCHASE OF A VARIABLE ANNUITY. INSTEAD OF EXERCISING HER FREE LOOK OPTION AS I ADVISED HER TO DO WHEN SHE WAS WELL WITHIN THE FREE LOOK PERIOD, SHE CANCELLED THE CONTRACT AND ASKED US TO REFUND HER SURRENDER CHARGES.

ONE COUNT; FLEEING TO ELUDE; JUDGEMENT WITHHELD ONE COUNT; POSSESSION OF $20 OF COCAINE, FELONY; JUDGEMENT WITHHELD

ADJUDICATION WITHHELD

LEAVING A HALLOWEEN PARTY IN 1999 I WAS ASKED TO PROVIDE A RIDE HOME TO A COUPLE OF THE YOUNGER GUESTS. ON THE WAY, I WAS PULLED OVER FOR NOT COMING TO A COMPLETE STOP AT A STOP SIGN. WE HAD BEEN DRINKING AND WERE ASKED TO STEP OUT OF THE CAR. WHEN WE DID THE POLICE SEARCHED THE CAR AND INSIDE A PACKAGE OF CIGARETTES ON THE BACK SEAT WAS FOUND A SMALL QUANTITY OF COCAINE. I WAS UNAWARE THAT THE PASSENGER POSSESSED IT BUT AS IT WAS FOUND IN MY VEHICLE, I WAS CHARGED WITH POSSESSION, WHICH IS A 3RD DEGREE FELONY CHARGE. HOWEVER, BECAUSE BLOOD TESTS REVEALED NO NARCOTICS IN MY SYSTEM, A PLEA ARRANGEMENT WAS ENTERED SUCH THAT THERE WAS NO FINDING OF GUILT AND I SERVED THREE MONTHS OF PROBATION.